Blackhawk Network Holdings Inc (NASDAQ:HAWK) has received an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $46.75.

Several research firms recently commented on HAWK. Zacks Investment Research upgraded Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, December 13th. Deutsche Bank reiterated a “buy” rating and issued a $51.00 price target on shares of Blackhawk Network in a research note on Friday, November 3rd. First Analysis cut Blackhawk Network from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 23rd. Craig Hallum cut Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Jefferies Group cut Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Monday, January 29th.

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Blackhawk Network (NASDAQ HAWK) opened at $44.65 on Wednesday. The company has a market capitalization of $2,542.38, a PE ratio of -744.04, a price-to-earnings-growth ratio of 4.72 and a beta of 0.73. Blackhawk Network has a one year low of $32.60 and a one year high of $47.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86.

A number of institutional investors have recently made changes to their positions in the stock. Raymond James & Associates increased its holdings in Blackhawk Network by 1.9% in the fourth quarter. Raymond James & Associates now owns 69,377 shares of the credit services provider’s stock valued at $2,473,000 after buying an additional 1,300 shares during the last quarter. Teachers Advisors LLC increased its holdings in Blackhawk Network by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 98,474 shares of the credit services provider’s stock valued at $3,511,000 after buying an additional 1,562 shares during the last quarter. Geode Capital Management LLC increased its holdings in Blackhawk Network by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 496,754 shares of the credit services provider’s stock valued at $17,709,000 after buying an additional 2,484 shares during the last quarter. Comerica Bank increased its holdings in Blackhawk Network by 11.3% in the fourth quarter. Comerica Bank now owns 24,504 shares of the credit services provider’s stock valued at $1,127,000 after buying an additional 2,486 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Blackhawk Network by 33.4% in the third quarter. Principal Financial Group Inc. now owns 10,149 shares of the credit services provider’s stock valued at $445,000 after buying an additional 2,539 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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About Blackhawk Network

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.